InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. Deductibles — Explain how deductibles work and that depending on their plan they may pay the full price for health care services until they’ve met their deductible.

Education 98

Education 401(k) Deductions Deductible 98

PeopleKeep

MARCH 6, 2023

When building a benefits package, it’s important to understand which benefits can be paid for through pre-tax contributions and which are covered by post-tax deductions. Both pre-tax and post-tax benefits have their pros and cons.

Taxes 52

Taxes Deductions Deductible Benefits Package 52

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 95

Flexible Spending Account 401(k) Flexible Spending Deductions 95

Higginbotham

MAY 11, 2023

However, simply providing a benefits package is not enough. In order to maximize the value of employee benefits, management must understand the components of the plan and create effective policies to find the right insurance fit, encourage employee participation, manage costs and comply with regulations.

Insurance 52

Insurance Deductions Deductible Benefits Package 52

InterWest Insurance Services

APRIL 20, 2023

For employees, being able to enroll in an insurance product through a workplace voluntary benefits program offers them the advantage of group pricing, the convenience of paying through payroll deduction, and perhaps access to insurance that would be difficult to get on an individual basis.

Voluntary Benefits 96

Voluntary Benefits Benefits Package Insurance Life Insurance 96

InterWest Insurance Services

JANUARY 17, 2023

But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package.

401(k) 98

401(k) Health Insurance Insurance Voluntary Benefits 98

Employee Benefits

JANUARY 18, 2024

Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. What are cost-neutral employee benefits? Read on to discover why.

Employee Benefits 52

Employee Benefits Deductions Deductible Salary 52

Employee Benefits

MAY 29, 2023

However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive work experience overall. So what constitutes a good employee benefits package?

Salary 98

Salary Employee Benefits Disability Insurance Pension 98

Higginbotham

JANUARY 12, 2024

Attracting Talent: A robust benefits package can help set your company apart from other employers. Health Savings Account A Health Savings Account (HSA) is a type of employee-owned account that is designed to work with high-deductible health insurance plans. This can reduce the income taxes that employees owe. Learn more.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Empuls

APRIL 22, 2024

  Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. Comprehensive employee benefit packages are increasingly becoming a deciding factor in job satisfaction and happiness.  This fosters a healthier work-life balance and reduces stress. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Benefit Resource Inc.

FEBRUARY 7, 2024

Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses. This account not only promotes fiscal responsibility but also encourages employees to take an active role in managing their healthcare costs.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Business Management Daily

APRIL 29, 2024

High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) : HDHPs have lower premiums but higher deductibles compared to traditional health plans. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers. Let IRS Publication 15-B be your tax guide to fringe benefits.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Employee Benefits

MAY 9, 2024

SmartPay is our cost-neutral salary deduction scheme that spreads the cost of essential purchases and those that help create a work-life balance. Ideal for working mums and dads alike, it’s an employee benefit that can truly make a difference, helping employees avoid debt.

Salary 52

Salary Deductions Deductible Benefits Package 52

Higginbotham

NOVEMBER 28, 2022

To contribute to an HSA, you must enroll in a high-deductible health plan. If you have a high-deductible health plan, you must pay the deductible out-of-pocket before the plan starts covering its share of care costs – although the plan may cover certain preventative care costs before you meet the deductible.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

InterWest Insurance Services

JULY 13, 2023

Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 2024.”

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

PeopleKeep

MAY 24, 2021

According to a survey conducted by the Society for Human Resource Management , high-deductible health plans (HDHPs) linked with HSAs and HRAs continue to grow, with nearly 60% of organizations reporting at least one of these offerings.

Health Savings Account 98

Health Savings Account Benefits Package Deductions Deductible 98

WEX Inc.

AUGUST 23, 2023

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

InterWest Insurance Services

SEPTEMBER 27, 2023

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings. Get an early start If your plan year starts Jan.

Out of Pocket Cost 91

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 91

Higginbotham

NOVEMBER 2, 2023

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Benefit Resource Inc.

FEBRUARY 21, 2024

HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs. This triple tax benefit not only stretches employees’ healthcare dollars further but also serves as a valuable financial planning tool.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Employee Benefits

APRIL 25, 2024

Our SmartPay salary deduct scheme is one such benefit, but unlike our Green Car and Cycle to Work schemes, it offers no further savings. Funding benefits with benefits… Every employee who participates in your Green Car or Cycle to Work salary sacrifice scheme saves your business money.

Employee Benefits 98

Employee Benefits Salary Benefits Package Deductions 98

Employee Benefits

AUGUST 14, 2023

Provided by Glasgow Credit Union, its Employer Partner scheme offers staff at both organisations access to competitively priced loans, savings and mortgage products via salary deductions at no additional cost. Joining Glasgow Credit Union’s Employer Partner scheme, for no cost, was an obvious choice to enhance our existing benefits package.

Benefits Package 52

Benefits Package Deductions Deductible Salary 52

HR Lineup

DECEMBER 4, 2023

It supports various payment methods and deductions, making it adaptable to diverse payroll structures. Namely’s benefits administration module is another highlight, simplifying the often complex task of managing employee benefits. One standout feature of Namely is its robust payroll management system.

Payroll 52

Payroll Retirement Plan Human Resources Benefits Package 52

PeopleKeep

DECEMBER 20, 2021

Each year, nonprofits must balance benefits and pay raises with their other organizational costs. Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check. Unfortunately for many nonprofit organizations, increased budgets aren’t as certain.

Health Savings Account 52

Health Savings Account Pay Raise Benefits Package Health Insurance 52

Benefit Resource Inc.

MAY 2, 2023

Pre-tax benefits, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) , allow employees to set aside a portion of their pre-tax income to pay for healthcare-related expenses. This can include increasing the number of pre-tax deductions available to employees.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

PeopleKeep

AUGUST 10, 2022

While it’s tempting for small and midsize employers to cut corners on their employee benefits to save on costs, a quality and personalized benefits package is necessary to set your organization apart from others. See what fringe benefits you can offer in your benefits package for open enrollment in our complete guide.

Benefits Package 98

Benefits Package Health Insurance Insurance Employee Benefits 98

PeopleStrategy

OCTOBER 3, 2023

As workforces nationwide continue to become more multigenerational, HR and benefits professionals have the unique task of tailoring employee benefits that meet an increasingly diverse range of wants and needs. Ask about their benefit priorities, and use the feedback to inform your benefit offerings.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

PeopleStrategy

OCTOBER 17, 2023

The employer pays the fee regardless of claims activity and usually collects some of the cost through pre-tax payroll deductions. Flexibility and Customization – Employers can tailor the benefits package to meet the specific needs of their workforce. The monthly fee is fixed for a 12-month period.

Insurance Carriers 52

Insurance Carriers Healthcare Health Insurance Deductions 52

AssuredPartners

SEPTEMBER 25, 2023

From Baby Boomers who have decades of experience to Gen Zer's just starting their careers, each generation brings unique perspectives and expectations when it comes to the benefits that they value the most. One way to bridge this gap is through the strategic design of employee benefits packages that cater to an age diverse population.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

Empuls

APRIL 28, 2023

Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Higginbotham

FEBRUARY 21, 2023

Coinsurance Meaning in Health Insurance Plans HealthCare.gov says coinsurance is a percentage of covered health care expenses that the policyholder must pay after meeting the deductible. Coinsurance vs. Deductibles One of the most common types of cost sharing is the deductible. What about the out-of-pocket maximum?

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Deductions 52

Best Money Moves

MARCH 11, 2024

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

Retirement Plan 88

Retirement Plan Healthcare Healthcare Benefits Parental Leave 88

HR Lineup

OCTOBER 18, 2023

It simplifies the process of calculating salaries, factoring in taxes, deductions, and benefits. One of Plane’s standout features is its ability to integrate seamlessly with various HR tools and benefits providers.

Payroll 52

Payroll Retirement Plan Benefits Package Health Insurance 52

HR Lineup

JUNE 29, 2023

It also handles tax deductions, benefits contributions, and compliance with labor laws, ensuring accurate and timely payments while reducing the risk of errors. Employees can access and make changes to their benefits information through a self-service portal, reducing administrative tasks for HR personnel.

Payroll 52

Payroll Retirement Plan Commissions Benefits Package 52

WEX Inc.

OCTOBER 20, 2023

If your deductible has been met, you will only pay for the copay at the time of your visit. Adding virtual care to your organization's benefits package offers employees simple, on-demand care without the cost and time of in-person visits. In fact, there are nearly 7,100 urgent care centers in the U.S. and growing.

Healthcare 98

Healthcare Insurance Consulting Benefits Package 98

Higginbotham

JUNE 14, 2022

Only for Use with High Deductible Health Plans. An FSA is an employee benefit set up by the employer, and the FSA belongs to the employer. Another difference is that HSAs are designed specifically for people in high-deductible health plans. Money is often contributed via payroll deductions. Portability. Medical devices.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Higginbotham

MARCH 2, 2023

Group disability insurance benefits are provided by employers, often on a voluntary basis. The employer may pay for the premiums, or the employee may pay, often via payroll deductions. A benefits package that includes private disability insurance can support your employee recruitment and retention strategies. Learn more.

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52